Iba Foundation Inc

Analysis

Iba Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iba Foundation Inc reported income of $2.9m and spending of $2.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $2.9m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iba Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Woodside School Foundation ($2.9m), GRCS Eagle Impact ($2.9m) and St Martin de Porres Academy Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 84% of the total. Other salaries and wages came to $639k. At year end it held assets of $13.8m against liabilities of $2.0m, net assets of $11.8m.